Why choose HSBC personal loan?
When expenses arise, like your daughter's marriage, furnishing your home, higher education for your children or a family holiday you can turn to Personal Loan from HSBC.
An HSBC personal loan can support with a Home renovation or other home related expenses, marriage expenses, travel expenses, transferring an existing loan from another bank, purchasing consumer durables or equipment, and any other personal needs and contingencies
Key Features:
-
Personal Loans with flexible tenure of up to 5 years (i.e. tenure from a minimum of 6 months onwards with additional block of 6 months. You can choose a tenure ranging from 6, 12 , 18, 24, 30, 36, 42, 48, 54 or 60 months).
-
Easy monthly repayment through Equated Monthly Installments (EMI) or through Electronic Clearing System (ECS) or by setting up a Standing Instruction (SI) on HSBC bank account
-
Transfer of an existing personal loan from another bank in India
-
No requirement of collateral/guarantor
-
Easy documentation, quick processing and disbursal
Interest Rates
*Special rate of 9.45% applicable on Personal loans for educational purpose. T&Cs apply.
Rates and charges
Type | Charge |
---|---|
Current interest rate ranges |
from 9.75% p.a. to 16.00% p.a. |
Processing fee |
Up to 2% of the disbursed loan amount. Processing fee paid/deducted is non refundable |
Full/partial prepayment charges1 |
5% within 1 year of tenure, 4% within 2 years, 3% within 3 years, and 2 % after 3 years |
Type |
Current interest rate ranges |
---|---|
Charge |
from 9.75% p.a. to 16.00% p.a. |
Type |
Processing fee |
Charge |
Up to 2% of the disbursed loan amount. Processing fee paid/deducted is non refundable |
Type |
Full/partial prepayment charges1 |
Charge |
5% within 1 year of tenure, 4% within 2 years, 3% within 3 years, and 2 % after 3 years |
1Only after completion of minimum 6 months lock-in period detailed in the Personal Loan agreement.
Promotional offers

Get 100% cashback on the processing fee in the form of an Amazon voucher.
Offer period: 01 January 2023 to 31 January 2023, both dates inclusive.
Type | Charge |
---|---|
Annual maintenance charges | NIL |
Processing fee | NIL |
Late payment charges | INR300 + applicable GST |
Minimum payment due | 5% of the total payment due |
Overlimit charges | NIL |
Penal interest | 2% over and above the applicable rate of interest on the delayed payments |
Type | Annual maintenance charges |
---|---|
Charge | NIL |
Type | Processing fee |
Charge | NIL |
Type | Late payment charges |
Charge | INR300 + applicable GST |
Type | Minimum payment due |
Charge | 5% of the total payment due |
Type | Overlimit charges |
Charge | NIL |
Type | Penal interest |
Charge | 2% over and above the applicable rate of interest on the delayed payments |
2Personal Line of Credit (PLOC) is currently available only to employees of select Corporates (under the Corporate Employee Programme), post opening of a salary account with HSBC. Sanction of PLOC facility is at the sole discretion of HSBC.
Interest Rates for Q4 2022
Annual Percentage Rate (APR) for Personal Loans ranges between 9.75% to 16.70% for all loans at a maximum tenor of 60 months.
Interest Range for Q4 2022 for different categories of customers: 9.75% to 15% p.a.
Mean (Average) interest rate in Q4 2022 was 12.88% p.a.
Apply for a Personal Loan
HSBC customers with Personal Internet Banking
Please log on to your account via Personal Internet Banking for the quickest and easiest way to apply.
Credit card customers/New to HSBC customers
Personal loan application form loan application will disposed of and acceptance/rejection will be communicated within 15 days from the date of receipt of completed application with supporting documentation.
Apply for Personal Loan through HSBC India Mobile Banking app
Download the HSBC India Mobile Banking app to get started
Frequently asked questions
Important information
You might also consider

HSBC Home Loans
View all HSBC home loans on offer.

Loan Against Property
Raise funds against you residential property.

Smart Loan Against Property
Raise funds against your residential property, and save on interest.
Important Information
Terms & Conditions
The maximum loan amount that can be availed of under this offer is INR1,500,000. Select customers may be eligible for loans upto INR3,000,000 based on internal credit policy of HSBC. The loan amount may vary subject to conditions and other internal credit policy of HSBC.
EMI date will be the 5th or 15th of every month, depending on the loan disbursal date.
For HSBC personal loans disbursed between 1st and 15th of the calendar month, the EMI date will be 5th of next calendar month.
For HSBC personal loans disbursed between 16th and 31st of the calendar month, the EMI date will be 15th of next calendar month.
Please note that basis Goods and Services Tax (GST) regulations and notified GST rates, Central GST and State/Union Territory GST, Cess or Inter-State GST, as applicable, would apply on our fees and charges.
Fees and charges are subject to change at the sole discretion of the Bank and will be intimated to customer at least a month prior to the same being applicable.
Sanction of Loan is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India (HSBC).